Diller Island: Private Park Funding Gone Overboard

Consider for a moment that a billionaire is planning to literally reshape the shoreline of Manhattan by funding a floating island park, just a short walk from his office. Maybe, just maybe, private funding for parks has gone too far.

Media tycoon Barry Diller and his wife, fashion icon Diane von Furstenberg, have pledged $130 million from their foundation—around 75 percent of the total bill—to create a 2.4-acre park that will hover off the Hudson shore.

While there’s been widespread concern about outsized influence of the wealthy on New York’s public spaces following huge donations to Central Park and the High Line, this one takes things to a whole new level. See full post at Inside Philanthropy.